Skydance wonders if employees would be so kind as to lay themselves off with new buyout program
The new mega studio has $80 billion in debt and a few hundred redundant employees to lose.
Photo: Associated Press/Justin Sullivan/Getty Images
In what amounts to the least surprising news since Skydance successfully acquired its second century-old movie studio, Warner Bros., in less than a year, the newly conjoined company has begun the long process of ridding itself of the WBD employees it just welcomed to the family. Per The Hollywood Reporter, co-CEOs David Ellison and Ynon Kreiz sent a memo to the newly enlarged staff, informing them they will need to start coming into the office more regularly or stay home forever. The memo sympathetically lets the soon-to-be jobless know that they “don’t take any of this lightly,” but they’re building “a company that tells the stories people around the world love” and “embraces new ways to connect with audiences.” To do so, they’ll have to disconnect from the people who help tell those stories. The company has initiated a mandatory five-day in-office workweek while offering employees who may not like that an easy way out: A voluntary buyout program with personalized terms.